Boardroom Talk: Something magical from 99-year-old Charlie Munger. Invest the 45 minutes today.

By Alec Hogg

Came across something magical yesterday. It's a fireside chat that Warren Buffett's deputies, 99-year-old Charlie Munger and 52-year-old Todd Combs, had at an award ceremony last year. You can hear the audio by clicking here; or download the transcript by clicking here. It's 45 minutes well spent.

There's a lot to digest. Including Charlie's reference to The Wooden Lesson, named after John Wooden, "who had the best basketball coaching record in the world, nobody else was even close."

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